Exxon CEO's pay rose 52% in 2022, highest among oil peers

[EarthFirst]

HOUSTON (Reuters) -U.S. oil bosses generally collected huge paychecks last year on the back of high energy prices and record profits, with Exxon Mobil Corp's chief executive winning a 52% increase.

The largest U.S. oil company on Thursday disclosed Chief Executive Darren Woods was paid $35.9 million last year.

Oil company workers did not see the same level of increases with median annual compensation for workers declining at several big energy companies. The median pay for an Exxon worker fell 9% last year to $171,582 while Chevron's median worker pay dropped 12%, to $161,488, filings showed.

The two largest U.S. oil majors posted record profits in 2022 on high energy prices and costs cuts measures including payroll reductions. Exxon posted the most among Western oil majors, $56 billion. Chevron's profit more than doubled in 2022 to a record $36.5 billion.

https://finance.yahoo.com/news/exxon-paid-ceo-woods-35-144612188.html

Next time you're filling up...

[gratuitous]

2. That's odd

I really thought that the oil companies were in the same fix as us consumers when gas prices were rising up to the level of ten bucks a gallon. You know, they would have loved to sell gas at a lower price, but inflation and supply chain and red tape and government regulations and all kinds of other stuff kept prices high. The oil companies were suffering, too!

But maybe not?

[doc03]

3. He did 52% more work

[kacekwl]

4. Every time I post about ridiculous rise in gas prices

I more often than not hear about winter, summer, fall blend. Or the oil corporations don't set price in the world market. Or "consider yourself lucky we pay this much here. It's all bullshit and greed is good. One thing for sure they NEVER lose Money. NEVER.

[crickets]

5. K&R for visibility. 🤬